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North America Cancer Therapy Market Size, Growth | 2031

North America Cancer Therapy Market

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Segments - by Therapy Types (Cancer Type [Blood Type, Breast Cancer, Skin Cancer, Prostate Cancer, Respiratory/Lung Cancer]), End-users (Hospitals, Specialty Clinics, and Cancer & Radiation Therapy Centers), Geography (United States, Canada, Mexico) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Raksha Sharma

Fact-checked by :

Vineet Pandey

Editor :

Vishal Golekar

Report Description

The North America cancer therapy market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 8.1% during 2023–2031.The growth of market is attributed due to increasing prevalence of cancer, investments on R&D, and rising government initiatives for cancer awareness.

The demand for personalized medicines and increasing number of cancer cases is expected to ascend the demand for advanced cancer therapies for the effective treatment of the sufferers.

Targeted therapy segment is expected to witness rapid growth in the field of cancer research, and researchers are primarily focused on studying various new targets with increasing favorable government support on product approvals and research initiatives regarding target therapy against cancer, is anticipated to surge during the forecast period.

According to the research report of Canadian Cancer Society (CCS) 2020 it is expected to showcase, 225,790 new cancer cases and 83,000 deaths to strike in Canada during forecast period. In an average approximately, 600 Canadian people are diagnosed with cancer on daily basis.

With the COVID-19 outbreak and China being the global manufacturing hub, and the largest raw material supplier globally, the overall market shattered owing to the corona virus affecting the growth market. Temporarily shutting down of factories, disruption in supply chain, and downfall of the economy has affected the industries in various countries.

Market Trends, Drivers, Restraints, and Opportunities

Increasing number of cancer cases and research activities is expected to drive the market during forecast period.
Growing government initiatives towards cancer awareness is estimated to boost the market in the coming years.
Increasing cancer incidence and demand for personalized medicines is anticipated to surge the market demand during the projected period.
Growing investment towards target therapy for effective treatment of the sufferer is estimated to propel the market in the coming years.
Increasing product approvals and growing research and researcher studies against new cancers variants and medicines is estimated to fuel the market during the forecast period.
R&D and technological advancement against target therapies for effective treatment of the patients suffering from the lethal diseases creates lucrative opportunities for the key players in the market.

Scope of the market

The report on the North America cancer therapy market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Cancer therapy market – North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Therapy Types (Cancer Type [Blood Type, Breast Cancer, Skin Cancer, Prostate Cancer, Respiratory/Lung Cancer]), End-users (Hospitals, Specialty Clinics, Cancer and Radiation Therapy Centers)
Geographical Scope	United States, Canada, Mexico
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Johnson and Johnson; Merck & Co. Inc.; Amgen Inc.; Bayer AG; AstraZeneca PLC.

Market Segment Insights

The target segment is expected to exhibit high CAGR

The market is segregated into therapy type and cancer type. The cancer type segment is further segregated into blood type, breast cancer, skin cancer, prostate cancer, and respiratory/lung cancer. The therapy segment is sub-segmented into chemotherapy, targeted therapy, immunotherapy, hormonal therapy, and others. The target segment is expected to exhibit high CAGR during the forecast period owing to specialized drugs to targets specific genes and proteins that stagnates the growth of cancers cells although it affect the tissue environment and target cells which involves in cancer growth such as blood vessel cells and rapid growth in cancer research segment and drugs through trials are some factors escalating the market in the coming years.

The hospital segment is estimated to hold large share of the market

On the basis of end user, the market is fragmented into hospitals, specialty clinics, and cancer & radiation therapy centers. The hospital segment is estimated to hold large share of the market in the coming years owing to early diagnosis of the patients suffering from the diseases and accordingly effective treatment and medication can be commenced to reduce the possibility of cancer spread.

Segments

The North America cancer therapy market has been bifurcated on the basis of

Therapy Types

Chemotherapy
Targeted Therapy
Immunotherapy
Hormonal Therapy
Others

Cancer Type

Blood Type
Breast Cancer
Skin Cancer
Prostate Cancer
Respiratory/Lung Cancer

End Users

Hospitals
Specialty Clinics
Cancer and Radiation Therapy Centers

Geographies

United States
Canada
Mexico

Key Players

Johnson and Johnson
Merck & Co. Inc.
Amgen Inc.
Bayer AG
AstraZeneca PLC.

Competitive Landscape

Key players competing in North America cancer therapy market include Johnson and Johnson; Merck & Co. Inc.; Amgen Inc.; Bayer AG; AstraZeneca PLC.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

North America Cancer Therapy Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cancer Therapy Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cancer Therapy Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cancer Therapy Market - Supply Chain
  4.5. Global Cancer Therapy Market Forecast
     4.5.1. Cancer Therapy Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cancer Therapy Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Cancer Therapy Market Absolute $ Opportunity
5. Global Cancer Therapy Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Cancer Therapy Market Size and Volume Forecast by End Users
     5.3.1. Hospitals
     5.3.2. Specialty Clinics
     5.3.3. Cancer and Radiation Therapy Centers
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Cancer Therapy Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Cancer Therapy Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Cancer Therapy Demand Share Forecast, 2019-2026
7. North America Cancer Therapy Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Cancer Therapy Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Cancer Therapy Market Size and Volume Forecast by End Users
     7.4.1. Hospitals
     7.4.2. Specialty Clinics
     7.4.3. Cancer and Radiation Therapy Centers
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Cancer Therapy Demand Share Forecast, 2019-2026
8. Latin America Cancer Therapy Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Cancer Therapy Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Cancer Therapy Market Size and Volume Forecast by End Users
     8.4.1. Hospitals
     8.4.2. Specialty Clinics
     8.4.3. Cancer and Radiation Therapy Centers
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Cancer Therapy Demand Share Forecast, 2019-2026
9. Europe Cancer Therapy Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Cancer Therapy Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Cancer Therapy Market Size and Volume Forecast by End Users
     9.4.1. Hospitals
     9.4.2. Specialty Clinics
     9.4.3. Cancer and Radiation Therapy Centers
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Cancer Therapy Demand Share Forecast, 2019-2026
10. Asia Pacific Cancer Therapy Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Cancer Therapy Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Cancer Therapy Market Size and Volume Forecast by End Users
     10.4.1. Hospitals
     10.4.2. Specialty Clinics
     10.4.3. Cancer and Radiation Therapy Centers
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Cancer Therapy Demand Share Forecast, 2019-2026
11. Middle East & Africa Cancer Therapy Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Cancer Therapy Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Cancer Therapy Market Size and Volume Forecast by End Users
     11.4.1. Hospitals
     11.4.2. Specialty Clinics
     11.4.3. Cancer and Radiation Therapy Centers
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Cancer Therapy Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Cancer Therapy Market: Market Share Analysis
  12.2. Cancer Therapy Distributors and Customers
  12.3. Cancer Therapy Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Johnson and Johnson
     12.4.2. Merck & Co. Inc.
     12.4.3. Amgen Inc.
     12.4.4. Bayer AG
     12.4.5. AstraZeneca PLC.

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